'Oak Park’ Most Recent Showpiece of IGI in 6th of October City

IGI Real Estate Co. confirmed that the local real estate market is still able to lead the national economy and push it forward, supported by a package of mega-projects being implemented by the state, especially the New Administrative Capital (NAC), the New Al-Alamin city, in addition to other expansions projects in the desert and the private sector contributions, which contributed to promoting the real estate market in Egypt during the recent period.

Egyptian real estate development companies are awaiting the sales outcomes of the fourth quarter of 2019 to assess their achievements throughout the year and outline various new plans for 2020.

They are trying to benefit from the improvement in economic indicators and the predicted high demand for purchasing real estate, with a view to increasing their sales by offering new stages and launching new projects.

IGI expected that a number of start-up real estate companies to leave the market because of their technical and financial inability to compete with the major companies, noting that the real estate market will witness further alliances among some of the real estate developers during the coming period, creating new ways of marketing that suit the needs of the Egyptian consumers who resort to buying real estate as a safe haven for saving their funds.

As part of the company's constant endeavor to disseminate the developments related to its various projects, IGI Real Estate uncovered that construction works are ongoing to complete its latest project “Oak Park” as scheduled.

Oak Park is one of the newest gated residential communities that have already started to separate itself from other real estate projects launched by IGI.

First off, the location is perfect. Sitting pretty on El Wahat Road, Oak Park is only a few minutes away from the Mall of Egypt and Mall of Arabia, just a short distance away from the likes of Galleria40, Arkan Mall and Al Gezira Plaza and right around the corner from Zeweil University and the Olympic City, as well as Magicland and Dreamland. In conclusion, you’re slap-bang in the middle of the most hip-and-happening cluster of dining, entertainment and more.

Behind the gates, there are options, too, with Oak Park boasting of three types of buildings made up of apartments that range from 167 to 235sqm.

The fully furnished apartments on the ground floor come with a garden while the last floor apartments are equipped with a roof. The modern, chic buildings are surrounded by lush greenery, but here’s the clincher: you can secure an apartment with a 5% down payment and an eight-year installment plan.

It is noteworthy that IGI was launched in 1994 with the vision of becoming the leading real estate player in Egypt. The goal is to develop integrated and mixed-use communities, displaying the ultimate standards in residential, retail, leisure, entertainment, and dining options.

IGI Real Estate has developed multiple concepts, ranging from premium upscale residential compounds, such as Gardenia Park I and II, Gardenia Springs and Oak Park, to mixed-use compounds in Hayy Al Ashgar, Ashgar Heights and Ashgar City.